Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) posted year-on-year (YoY) higher net profits at AED 908.23 million in 2024 , compared to AED 960.08 million.
Revenues amounted to AED 3.26 billion in 2024, up 7.40% year-on-year (YoY) from AED 3.03 billion, according to the financial results.
The company’s profit before tax increased by 5.90% YoY to AED 998 million in 2024.
Dividend Distributions
In 2024, Empower distributed cash dividends amounting to AED 850 million in two equal installments of AED 425 million each, disbursed in April and October, respectively.
This aligned with the company’s commitment of annual payout of AED 850 million during the first two fiscal years following its listing on the Dubai Financial Market (DFM).
In the first nine months (9M) of 2024, Empower recorded lower net profits at AED 654.45 million, compared to AED 684.89 million in 9M-23.
